Annoying low draw problem

[Dire]

I've run into this situation alot lately: You're in a three way pot. You have nothing but the nut low draw. You know one of your opponents has a lock on the high and your other opponent is also drawing at the bare nut low.

You've got 16 outs to 1/4 so you'd need about 8:1 which you usually won't be getting, on the turn at least. So does that make this an easy fold? It's annoying giving the other guy a free shot at half of a decent sized pot but it seems like the only way.